Emphasis on Product Type (Exterior and Interior Products); Application (Residential and Non residential); Region/Country.
The Green Building market is expected to grow at a strong CAGR of around 6.4% during the forecast period. Green building materials support environmentally friendly, long-lasting construction that uses less energy. These environmentally friendly building materials can benefit the environment. Fiberglass, recycled metal, timber, and mineral wool are examples of non-toxic, renewable materials used in green construction. The industry’s solutions make advantage of onsite generation of renewable energy, including solar power, biomass power, wind power, and hydropower. As a result, low energy consumption is a major component for market revenue growth. In addition, according to the Congressional Budget Office in April 2021, during the past two decades, USD 700 billion in federal funding has been provided to the green building market. The Indian Green Construction Council (IGBC) has been collaborating directly with a number of Central and State Government departments over the past few years to advance the green building movement in the nation.
Some of the major players operating in the market include CEMEX S.A.B. de C.V., Owens Corning, Bauder Limited, Binderholz GmbH, Ginkgo Sustainability Inc., Kingspan Group plc, Saint Gobain S A, E.I. Du Pont De Nemours and Company, Interface, Inc., Weinerberger AG.
Insights Presented in the Report
“Amongst product, the Exterior products segment to grow with high CAGR during the forecast period”
Based on product type, the green building market is bifurcated into exterior and interior products. Exterior products which include water harvesting systems, solar systems, smart lighting systems, Heat ventilation air conditioning systems, and water treatment plants are the most important components and are extensively used in green buildings, therefore, make exterior sub-segment hold a lucrative market share.
“Amongst application, the residential sector category held a significant share of the market in 2022”
Based on application, the market is sub-segmented into the residential and non-residential sectors. Of both, the residential sector holds a significant market share owing to strict and supporting government policies to promote less energy consumption by using smart technologies. Residential high-rise buildings have to follow strict government norms while constructing a building. However, with rapidly increasing industrialization nonresidential sector is likely to grow fastest during the forecast period.
Green Building Market Report Coverage
“North American to grow with high CAGR during the forecast period”
The North American market is expected to register the highest growth rate in the forecast period due to the rising awareness regarding sustainable construction and growing demand for low energy consumption systems. Additionally, increasing industrial pollution coupled with strict environmental regulations in the region is expected to drive the growth of the market in the industrial sector. Maintenance and repair activities increased in the construction industry in these regions owing to increase in government maintenance activities and initiatives, which further contributes significantly in the growth of green building materials market in this region.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Key Insights
4. Executive Summary
5. Global Green Building Market Covid-19 Impact
6. Global Green Building Market Revenue (usd Mn), 2023-2030f
7. Market Insights By Product Type
8. Market Insights By Application
9. Market Insights By Region
10. Green Building Market Dynamics
11. Green Building Market Opportunities
12. Green Building Market Trends
13. Demand And Supply Side Analysis
14. Value Chain Analysis
15. Price Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Research Methodology for the Global Green Building Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the green building market were the three major steps undertaken to create and analyze the adoption of green building market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global green building market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the green building market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the green building market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the green building market. Further, we conducted factor analysis using dependent and independent variables such as product type and application of the green building market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the green building market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 2 steps, we arrived at the current market size, key players in the global green building market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global green building market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product type and application in the global green building market.
The main Objective of the Global Green Building Market Study
The current & future market trends of the global green building market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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